EX-12 2 a06-1481_3ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION AND SUBSIDIARIES

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

 

Nine Months Ended
September 30,

 

 

 

2005

 

2004

 

 

 

 

 

(As Restated)

 

 

 

(Dollars in thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes and minority interest

 

$

166,149

 

$

126,588

 

Add (deduct):

 

 

 

 

 

Earnings on equity method investments

 

(50,009

)

(48,083

)

Distributions from unconsolidated entities

 

31,104

 

23,330

 

Minority interests in pre-tax income of subsidiaries that do not have fixed charges

 

(8,922

)

(8,953

)

 

 

138,322

 

92,882

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense

 

63,304

 

64,937

 

Interest portion (1/3) of consolidated rent expense

 

19,635

 

18,211

 

 

 

$

221,261

 

$

176,030

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense

 

$

63,304

 

$

64,937

 

Interest portion (1/3) of consolidated rent expense

 

19,635

 

18,211

 

 

 

$

82,939

 

$

83,148

 

RATIO OF EARNINGS TO FIXED CHARGES

 

2.67

 

2.12